Equity99 has given Buy recommendation for Maheshwari logistics recommended buy rating on the stock with a target price of Rs 250 in its research repor with a target price of Rs. 250 in its research report issued on Apr 04, 2022

Equity99’s research report on Maheshwari logistics

Maheshwari Logistics is engaged in the Business of Carriers, Transporters, dealing in papers, Board M.G Kraft Paper , Waste Paper, Kraft Paper , writing Papers and all other Papers and Dealing in coal and Lignite etc. Company handled 13.87MT of logistics for FY21. Also, for FY21 it collected 1 Lakh tonne of waste papers through its 5 centres.

Outlook

Considering the market-cap of company the Subsidy amount is very substantial. Keeping in mind the above factors, we initiate BUY call on Maheshwari Logistics Ltd with target price of Rs 250.

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